Who’s Doing Good?

6 August 2018 - 12 August 2018

THE GIVERS

Singaporean retiree gives SG$500,000 (approximately US$363,000) for charity. Loh Kiong Poot, a Singaporean retiree from the trading industry, has donated SG$500,000 to The Straits TimesSchool Pocket Money Fund to help troubled children in need. His contribution to the fund is his biggest donation yet, though he has given money to charities and orphanages in countries such as Thailand and Vietnam. The fund was initiated in 2000 as a community project by The Straits Times, providing pocket money to children low-income families to help them through school. Since 2000, it has disbursed over SG$60 million (approximately US$43.6 million) worth of funds.

THE THINKERS

Anti-corruption rules are not clear on donations or political contributions, says author. In his opinion editorial, Thompson Chau argues that the code of ethics recently released by the Myanmar government is still unclear on what companies and their associated individuals and charities can and cannot do. This code of ethics was devised by the Directorate of Investment and Company Administration (DICA) under the finance ministry in order to cover all dealings and “business activities” between government organizations and the private sector. For example, giving charitable and political donations in dealing with the government is prohibited. The author, however, calls for further clarity on what constitutes as influencing a decision of the government and as an act of corruption.

THE NONPROFITS

Ngee Ann Polytechnic and Singapore Red Cross raise funds to help Lombok villagers in Indonesia. While students and staff from Ngee Ann Polytechnic are organizing a campus donation drive, the Singapore Red Cross is utilizing online fundraising platforms to raise funds for villagers hit by the recent spate of earthquakes in Lombok, Indonesia. So far, the two organizations have raised SG$20,000 (approximately US$14,500) and SG$42,000 (approximately US$30,500), respectively. For students and staff from Ngee Ann Polytechnic, the cause was all the more relevant at a personal level, as many of them have been traveling regularly since 2014 to Lombok for community service work.

THE BUSINESSES

Korean retail conglomerate donates US$100,000 to flood-hit Laos. Lotte Group has offered US$100,000 to Laos for disaster relief aid after the dam accident. The donation has been handed over to the Community Chest of Korea for the purchase of relief goods and restoration of the damaged area. “We hope this donation could help children, among others, who are vulnerable to heat and diseases,” Lotte’s vice president Oh Sung-yup said in a statement.

THE INNOVATORS

Online charity platforms in China raise 980 million yuan (US$143.5 million) in the first half of 2018. According to China’s charity law that went into effect in 2016, online fundraising for charitable purposes must be conducted through government-approved platforms, and China’s first group of 11 government-approved online charity platforms have received 980 million yuan of donations in the first half of 2018. Compared to the previous year, the amount increased by 30%. The platforms have altogether publicized over 11,000 fundraising projects from 992 charitable organizations.

Alternative forms of giving and investing. Venture philanthropy and impact investing are growing among private wealth owners, especially among the millennial generation. Several factors including exposure to standards of social contribution and environmental sustainability and having resources and opportunities at their disposal are encouraging these next-generation wealth owners and controllers to contribute. In addition to money, people are also willing to offer assistance with regard to mentoring, commercial or professional expertise, and industry connections.

THE VOLUNTEERS

Singaporean student ditches his corporate dreams to devote his life to volunteering. Daryl Tay, an undergraduate from Singapore Management University, took an oath to make the world a more equal place and hopes his efforts will help reduce poverty. The 29-year-old joined the Radion International with the aim to curb the rampant substance abuse problem among young children in Thailand. Today, the entire recovery program has 40 children aged six to 17.

THE TRUSTBREAKERS

Ex-chief of Tokyo Medical University admits to backdoor admissions to “increase donations.” A former board chairman of Tokyo Medical University, Masahiko Usui, has admitted to padding certain students’ scores on its general entrance exam. Usui said during the school’s internal investigation that he did so to “increase donations to the school.” In the recent two examinations, Usui directed university staff to admit 19 students by adding points to their scores during the first stage of testing. Many of the students involved were the children of alumni, and in some cases, tens of millions of yen in donations were paid to the school.

Who’s Doing Good?

30 July 2018 - 5 August 2018

THE GIVERS

Evergrande’s Xu Jiayin comes out as top Chinese philanthropist in the annual list. According to Forbes, Xu Jiayin, chairman of Evergrande Real Estate Group, hold the top position on the 2018 Forbes China Philanthropy List, followed by He Xiangjian, founder of Midea Group, and Zhang Jianbin, chairman of Jiangsu Winfast Investment Holding Group. Xu gave away 4.21 billion yuan (US$617 million) for poverty reduction. Those on the list had donated 17.31 billion yuan in cash donations, a 66% increase from the previous year’s figure. The minimum donation amount required to be on the list increased from 5 million yuan to 13 million yuan. The list also found education, poverty alleviation, and medical care was the main focus of donations.

THE THINKERS

Amid sexual harassment scandals, Beijing nonprofits and law firm launch anti-sexual harassment network. Following recent allegations of sexual harassment and assault against prominent Chinese media professionals, charity activists, and intellectuals, two nonprofit organizations in Beijing—the Maple Women’s Psychological Counseling Center and Equality—and Qianqian Law Firm have launched a joint network aimed at stopping sexual harassment. The network will provide services such as legal consultations, legal aid, psychological counseling, media assistance, and training courses. “We want to offer reliable help for women who suffer from sexual harassment. We hope more victims would come forward to make the authorities aware of the seriousness of the situation,” said Lin Lixia, an employee at the law firm.

Charities in Hong Kong forced to reveal finances. Charities will have to disclose their financial accounts on a designated government webpage for public inspection as a measure to promote transparency. The administrative action was announced in response to the government audit chief’s criticism last year over lax rules in the sector. A “good practice guide,” covering donors’ rights and fundraising practices, has also been made available. However, critics claim this measure will not go very far. “The guidelines are too mild and non-binding,” said Labour Party lawmaker Fernando Cheung Chiu-hung. Other critics urge the government to step up public education “to arouse the awareness of donors of their rights.”

Government too charitable to charities. The Hong Kong government is facing criticism for the recently launched administrative measure to include financials of charities on a government website: that these measures are voluntary in nature and not mandatory. Reports state many charities exploited the loopholes to claim tax exemption status, with tax forgone amounting to HK$1.5 billion between 2005 and 2016.

THE NONPROFITS

Chinese charities donate stationery and sports items to Nepali school. The China Foundation for Poverty Alleviation and Beijing Ciai Charity Foundation distributed school bags, stationery items, and sports accessories to students of the Mahendra Adarsha Vidyashram school, a public school in Nepal. “The Chinese support is very instrumental for the bright future of our students. It will not just boost the quality education of the country, but also strengthen the people-to-people ties between the two countries,” Pampha Bhusal, who is chairman of the school committee, said.

THE BUSINESSES

Samsung donates ₩50 billion (US$44.7 million) to support small business factories. Samsung Electronics will donate ₩50 billion to the Korea Smart Factory Foundation, which will help small businesses set up smart-factory infrastructure in their production centers. The donation will be made in ₩10 billion per year over the next five years. Samsung will also allocate a separate ₩10 billion to help these small businesses educate their staff and find new markets for the next five years.

CapitaLand launches SG$2 million (approximately US$1.46 million) fund to empower vulnerable elderly in Singapore. In response to the issue of an aging population, CapitaLand Hope Foundation, the company’s philanthropic arm, has set up a SG$2 million fund with the aim of improving the quality of life for the vulnerable elderly in Singapore through deeper social integration, better healthcare, and better living conditions. The CapitaLand Silver Empowerment Fund marks the first time the foundation has expanded its mandate from helping underprivileged children to the elderly. In addition to the fund, the foundation will also partner with Community Chest Singapore to identify, fund, and volunteer in projects to support vulnerable seniors of 60 years or above. Lim Ming Yan, CapitaLand’s chief executive, said, “As we expand the foundation’s mandate to support the healthcare and well-being of the vulnerable elderly, CapitaLand is looking forward to working together with long-time partners like President’s Challenge and Community Chest to improve the quality of aged care in Singapore.”

A big number of corporations come forward to clear up the Ganga.Companies like Shipping Corporation of India, Indusland Bank, Bajaj Electricals, Reliance Industries, and others have undertaken ghatcleaning and development, afforestation, and provision of amenities as part of their CSR projects under the Namami Gange Programme. Rs 255.02 crore (approximately US$37.13 million) have been received as a contribution to the fund from public sector units, private companies, individuals, the India Development Foundation, and others.

A tribute and “thank you” to Khazanah Nasional. Via this article, social workers pay a special tribute to Khazanah Nasional for their donations during the 2014 floods in Malaysia. Khazanah supported many nonprofits with their flood relief efforts by donating RM250,000 (approximately US$62,000). The company was able to support outreach programmes to help marginalized communities. These included the Orang Asli, refugees, and immigrant communities.

THE INNOVATORS

Asia tackles its plastic problem with a mix of tradition and technology. Plastic is considered one of the most useful products, yet the most environmentally harmful. Many are taking the initiative to tap into Asia’s cultures and crafts in order to invent a better and safer alternative. Poramet Sai-Uparach of Leaf Creation created a wide range of products—bags, lampshades, wallpaper, and furniture—made from teak tree leaves that are widely available in northern Thailand. Indian entrepreneurs are coming up with edible cutlery and bags made of tapioca and vegetable starch. Big multinational corporations like KFC are also starting to ban straws, while IKEA plans to phase out oil-based plastics from its 363 furniture stores and restaurants around the world by 2020.

THE VOLUNTEERS

10-day commitment likely to be a hurdle for Tokyo Olympic Games volunteers. The Tokyo Organizing Committee of the Olympic and Paralympic Games has initiated a drive to encourage university students and others to work as volunteers for the 2020 Tokyo Olympics. The officials urge them to volunteer for at least 10 days, in a bid to enable them to best take advantage of the skills they will acquire during the training sessions prior to the sporting event. Many universities in Tokyo have supported the committee by changing schedules for classes and exams.

THE TRUSTBREAKERS

Indian government shuts down charity as women go missing and girls claim rape. Seva Sanklap Ewam Vikas Samiti, a nonprofit organization that runs shelters for destitute women, has been closed down by the local police amid reports that 11 of the women are missing. The charity’s director and nine staffers have been arrested on rape charges. Another shelter under the organization was closed in June after dozens of girls said they had been raped there. Earlier this year, the Mumbai-based Tata Institute of Social Sciences found evidence of trouble during an audit of the charity, leading state investigators to interview girls at the shelter and learn of the rape incidents.

Who’s Doing Good?

23 July 2018 - 29 July 2018

THE GIVERS

SK chief donates US$10 million to help Laos disaster recovery. Chairman of SK Group, Chey Tae-won, made the donation pledge in a meeting with the Laotian ambassador in Seoul, offering his condolences to victims of the flooding from the dam construction site. With two Korean companies being involved in the construction project, both companies and the Korean government have offered to provide aid in cash and in physical materials.

THE THINKERS

“Help nonprofits to build long-term capacity,” says Shahira Ahmed Bazari.Writing in the New Straits Times, Bazari, managing director of Yayasan Hasanah, a Malaysian foundation, urges for a change in the way that nonprofits are perceived: to recognize that they are professional organizations that require the same kinds of financial resources and support as other organizations. “If nonprofits do not have to worry about covering basic costs and salaries regularly, they can place more focus and resources on driving real change and delivering a social impact,” she writes.

The Straits Times answers questions about crowdfunding in Singapore.Instead of viewing it as a threat, it argues that crowdfunding should be viewed as an opportunity. On the island city-state, crowdfunding is regulated by the Commissioner of Charities in conjunction with the sector’s major players: crowdfunding sites bear responsibility for assessing the legitimacy of funding appeals while taking in a near-negligible fee for their services. Thanks to its lower cost, as well as potential to help organizations reach new audiences, crowdfunding could become an invaluable tool for small charities.

Responding to the Rohingya crisis, foreign donations to Bangladesh rise nearly 16%. Over US$820 million in funds are expected to go to the 1,625 projects approved by the NGO Affairs Bureau, the highest number approved by the bureau in a single year. This comes as donations to NGOs have waned in recent years, as the government has taken punitive measures against some for regulatory non-compliance. Another US$50 million is expected to be committed by donors in the coming year.

Foodbank Vietnam helps distribute food to those in need. Foodbank Vietnam, a government-sponsored Vietnam Red Cross charity, debuted earlier this year with a pledge to reduce poverty, raise social awareness about saving food, and boost connections and coordination between food suppliers and resource centers. “More than 5,000 meals are provided each month to 10 places sheltering the homeless, many of them children. We have gradually collected the food from five suppliers in Ho Chi Minh City,” said the founder Nguyễn Tuấn Khởi.

THE BUSINESSES

PepsiCo donates US$1 million to the China Foundation for Poverty Alleviation.Along with the financial donation, the multinational corporation is also donating its new Quaker Kids Nutrition products to assist with hunger alleviation efforts in Southwest China. Many counties in the targeted provinces of Yunnan and Guizhou are among the poorest in the country. The grant will provide over 1.7 million meals benefiting approximately 10,000 students over the next three years.

THE INNOVATORS

The Korea Herald interviews the president of Hanyang University, where social innovation is “in their DNA.” At Hanyang, students are required to complete 32 hours of community service in order to graduate. The university is the first in East Asia to be designated an Ashoka U Changemaker Campus. “Trying to find ways to help others and contribute to the society, that is the mindset we seek to deliver to our students,” says Lee Young-moo, the university’s president. Going forward, it hopes to publish a Korean version of the Stanford Social Innovation Review, the preeminent publication on social innovation from the Stanford Center on Philanthropy and Civil Society.

Social services sector aims to strengthen service delivery with two new digital initiatives. The IT system to improve backend processes, iShine Cloud provides a suite of integrated IT cloud services specific to the charitable sector. The system is jointly developed by the National Council of Social Service and Singapore Pools. The system will consist of tools that will help social service professionals attend to their clients without being stalled by administrative tasks. The second is a social service navigator, an interactive online platform and mobile portal that consolidates information on social service providers, programs, and resources all over Singapore. The platform aims to significantly reduce the time social service professionals spend searching for a suitable program to better address the needs of their clients.

THE VOLUNTEERS

Children take on a bike tour of Taiwan to help the elderly. Fifteen children participating in the “2018 Love and Hope in Taiwan – Bicyclists Charity” event have set out on a bicycle challenge in Taichung, including stops in Kaohsiung and New Taipei, to help and support the elderly in those communities. The children come from disadvantaged families. They will perform dances and give the elderly massages on the way.

THE TRUSTBREAKERS

Charity founder confesses to sexual assault in WeChat post. Lei Chuang, the founder of the Yi You Charity and a high-profile philanthropic figure in China, has admitted to sexually assaulting a woman. Lei, a respected personality in China’s charity circle, was accused of sexually assaulting a woman in 2015 in an anonymous article posted online.

Hong Kong family donates rare Chinese artworks to Hong Kong museum to promote traditional culture. Chih Lo Lou Art Promotion, an organization by late philanthropist Ho Iu- kwong and now run by his family, has donated over 350 Chinese paintings and calligraphy works to the Hong Kong Museum of Art. The donated collection will be permanently displayed in a dedicated gallery named the “Chih Lo Lou Gallery of Chinese Painting & Calligraphy” after the museum finishes its renovation and reopens in 2019.

Indian Americans are donating US$1 billion a year, a new survey has found. They are among the ethnic groups with the highest per capita incomes in the United States and volunteer at nearly double the national average at 220 hours per year, according to the Indiaspora-Dalberg Community Engagement Survey. Still, researchers have found that the potential for giving by the community is vast, at more than US$3 billion annually. “We hope that the results of this study [can] help galvanize philanthropic efforts among this important—and influential—community,” says Joe Dougherty, Dalberg Advisors’ regional director for the Americas.

Fill the nonprofit skill gap with corporate know-how, write Ratan Tata and Ruth Shapiro. Examining India’s CSR legislation four years after its implementation, Tata, chairman of the Tata Trusts, and Shapiro, chief executive of the Centre for Asian Philanthropy and Society, discuss promising signs that the law has led to an uptick in CSR spending. A significant number of companies are spending more than the minimum required two percent on CSR, and projects are becoming more strategic and widespread. Still, nonprofits’ knowledge gaps remain an issue, with many lacking skills such as financial planning, accounting, and impact measurement. “We suggest that the ministry of corporate affairs incentivise companies to encourage employees to provide technical assistance as a volunteer or a board member, for those nonprofits also receiving grant support.”

When it comes to resolving today’s challenges, family philanthropy will become even more crucial, says Peter Vogel.In an opinion editorial for Forbes India, Vogel, Professor of Family Business and Entrepreneurship at the International Institute for Management Development (IMD), writes that as well-off baby boomers prepare to pass on their wealth to a younger generation of more socially conscious individuals, an “astonishing number of next-generation philanthropists” are set to emerge. “While it is true that there is a growing gap between rich and poor,” he writes, “…there is a growing breed of self-made wealth owners and inheritors who are cognizant of their disproportionate amount of wealth and who have committed to contribute a majority of their wealth to philanthropy.”

“Do social enterprises work?” Hannah Jun, Ph.D., director of the Center for Global Social Responsibility at Ewha’s Graduate School of International Studies, shares her thoughts on the rising social enterprise scene in Korea. Most notably, the author identifies gaps from her insider’s knowledge of the sector, for example, that university curricula’s focus on long-term sustainability does not match well with the reality of focusing on short-term gains and returns.

THE NONPROFITS

Singaporean bone marrow nonprofit renews charitable status and names a new chief. Following a special audit in 2016 that uncovered governance and administrative lapses such as “excessive” use fo donations on marketing and entertainment, the Bone Marrow Donor Programme (BMDP) has obtained a one-year renewal of its Institutions of a Public Character (IPC) status, which is the official legal charitable status in Singapore. The BMDP also announced the appointment of its new chief Charles Loh, who was previously a senior vice president at Certis Cisco from 2006 to 2016. In regards to the BMDP, a Ministry of Health (MOH) spokesman said, “BMDP has been taking steps to improve its administration and governance. MOH continues to monitor their government and administration.”

Top talent from the world’s universities is going to work for the Tata Trusts.The philanthropic arm of India’s Tata Group, the Tata Trusts are aggressively hiring from top higher education institutions around the world, from The Indian Institute of Technology to Harvard University. “We are enhancing both our functional competencies and general management bandwidth,” says Debasis Ray, spokesperson for the Tata Trusts. With their added manpower, the Tata Trusts hopes to enhance its work in seven portfolio areas, including, but not limited to, health, water, energy, rural uplift, and urban poverty alleviation.

THE BUSINESSES

SK Innovation begins mangrove donation drive in Vietnam.SK Innovation, the battery-making subsidiary of SK Group, is holding a donation campaign to restore a mangrove forest in Vietnam. This campaign is in line with the memorandum of understanding that SK signed with the Vietnamese government and the United Nations Environment Programme. According to the company, over 3,000 people have contributed, donating roughly 5,000 saplings of mangrove trees in just eight days. The campaign will close once it reaches a total of 10,000 trees.

A step towards transparency in philanthropy: The Giving Bank. The Giving Bank is a platform that combines crowdfunding and philanthropy. Since its conception 18 months ago, it has so far completed 45 projects and raised nearly US$123,000. “I have been giving from the time I drew my first salary. But at one point, I felt tired and troubled with giving and not knowing how the funds were used. So, I came up with this idea,” says founder Jason Ang. The system is built to send out reports on how the funds are used automatically to all donors. The Giving Bank itself follows a transparent fee structure on gross donations and has its own ecosystem. The dream, he says, is to be able to donate with a click or swipe.

THE VOLUNTEERS

Chinese volunteer recalls long, lonely fight to protect the forest. Volunteer Liu Zhenmao has protected a mountain forest in Hunan province for the past 38 years, spending 22 Chinese New Year Eves at his sentry post. In 2016, the local government offered financial support and reformed a team of volunteers that was disbanded 23 years earlier. In a letter to Chenzhou’s vice mayor last month, Liu wrote, “I want the Chenzhou government to further control grazing near Shizikou Mountain in order to protect the forests and grasslands and prevent soil erosion.”

Amid public scandal involving Asiana Airlines, Korean corporate foundations come under public scrutiny.In the aftermath of Asiana Airlines’ in-flight meal scandal, much media spotlight and public attention have been directed toward chairman Park Sam-Koo of Kumho Asiana Group. In particular, how Park has utilized the Kumho Asiana Cultural Foundation and its funds for the corporate takeover infighting with his brother has led to calls for more scrutiny into Korean conglomerates’ use of private foundations. Other examples noted by the media outlet include Samsung and Hyundai, who have both used foundations for the purpose of corporate succession planning and evasion of fair trade and business regulations.

Who’s Doing Good?

9 July 2018 - 15 July 2018

THE GIVERS

The late HNA chairman’s stake in the conglomerate is to go to a China-based charity. Wang Jian, who has a 14.98% stake in HNA, died in an accidental fall while traveling in France earlier in the month. The China-based charity, Hainan Province Cihang Charity Foundation, already controls 22.75% of the conglomerate. The charity and another New York-based foundation already jointly hold a majority stake in the conglomerate. Shareholders had allegedly previously promised to pass their stakes to the charity fund in the event of their exit from the company or death.

Livemint interviews Rakesh Mittal, who recently pledged INR 7000 crore (over USD $1 billion) to education. The Bharti Mittal Family pledged the sum towards the creation of Satya Bharti University, a new higher education institution with a focus on Artificial Intelligence, robotics, and artificial and virtual reality. “This is the DNA of my family,” he says, referring to his family’s philanthropic tradition. “When we started out our businesses, even when we were small, we were doing a few small things or initiating or institutionalizing scholarships and higher education for engineering and management students. I personally believe that giving back to society is an obligation.”

Top Korean financier says his dream is “to become Korea’s largest donator, not the country’s richest man.” Mirae Asset Daewoo, Korea’s top securities firm, and its chairman, Park Hyeon-Joo, are providing thousands of scholarships to nurture young talented individuals. The company said the Mirae Asset Park Hyeon-Joo Foundation has supported about 230,000 students as of April 2018 since the foundation’s establishment in March 2000. Of these, the company stated that it particularly focuses on supporting study abroad programs. A company official said, “To help more Korean university students have different kinds of cultural experiences, we have been providing scholarships to 500 students every year. The number of students will be expanded to 600 in the second semester of this year.” Alongside his foundation’s charitable work, Park is known for donating his dividends every year.

Hong Kong mourns the death of great educator Tin Ka Ping. From humble beginnings on the mainland, businessman became a philanthropist who donated billions of dollars in support of education, culture and social welfare. Despite his great successes as an awardee of the MBE in 1996 by Queen Elizabeth and a Grand Bauhinia Medal in 2010, by the Hong Kong government, he was a modest man and lived a simple life. During the Asian financial crisis in 1997, Tin and his businesses suffered a massive blow making it difficult for his foundation to complete some of the donations. In 2001, Tin made the incredible decision to sell his for HK$56 million (US$ 7.13 million). He donated all the proceeds to more than 20 secondary schools.

THE THINKERS

Singaporean businesses “fail to give back to society,” says the National Volunteer and Philanthropy Centre (NVPC). The centre found that 31% of Singaporean companies are “keen to start” giving, but have yet to do so. Many are holding back out of concern about the staff and resource availability, as well as time limitations. Companies that have been successful in giving back were those that adopted a “purpose for-profit model,” using volunteer activities for purposes such as staff development and skill cultivation. Going forward, NVPC director Jeffrey Tan says that cultural change needs to start at the top: “Many of these barriers identified, and the low utilisation of paid volunteer leave, suggest a need for leaders to drive shifts in perception and organisational cultures.”

THE NONPROFITS

Five nonprofit websites that will inspire you. According to the author, “the most effective nonprofit websites provide mobile-friendly accessibility, streamlined donation pages, straightforward navigation and a growth-driven design that allows for continuous testing and improvement—all while showcasing the organization in a captivating way.” The author selected notable websites of five nonprofit organizations such as Habitat East Bay/Silicon Valley, Greenpeace, Movember Foundation, World Bicycle Relief, and Sharing America’s Marrow, elaborating on the specific reasons for their effectiveness and uniqueness.

THE BUSINESS

Traveloka harnesses its customers for charitable giving. In preparation for Meraka Day and Malaysia Day, the travel booking site will donate 1 yuan from every booking to Tabung Harapan Malaysia, the national debt-relief fund set up by the Malaysian government in June of this year. To date, the fund has collected 144.6 million yuan (USD $36 million). “We are sure that many Malaysians wish to show their love for the country, which was why we set up the campaign,” Traveloka’s country manager Halif Hamzah said. Titled “Share Your Love for Malaysia,” the campaign will run until the end of September.

THE INNOVATORS

A debut development-impact bond performs beyond expectations. UBS Group’s Optimus Foundation launched the Educate Girls Development Impact Bond in 2015 to fund a program in rural India to improve educational opportunities for girls. The program outperformed expectations, generating a 15% rate of return for the foundation. The bonds are one example of innovative ways that foundations are raising money for charitable causes. Over 108 social-impact bonds have raised $392 million since 2010. “When people make philanthropic investments, especially international ones, there’s a lot of risk with that, but in a development-impact bond the investor is the one taking the risk,” says Phyllis Costanza, CEO of the UBS Optimus Foundation. “This could potentially be a really powerful financing tool.”

THE VOLUNTEERS

Thailand honors foreign volunteers in cave rescue. The Thai government has honoured over 100 foreign volunteers who took part in the dramatic rescue mission to free 13 Mu Pa Academy football club members from Tham Luang cave in Chiang Rai. The Royal Household Bureau, Foreign Affairs Ministry, and Tourism Authority of Thailand will also host sightseeing trips in Chiang Rai and Bangkok for those who wished to stay in Thailand after their volunteer work. For those returning back home, Thai authorities will sponsor a single trip back to Thailand within the next five years.

THE TRUSTBREAKERS

Maharashtra state charity commission asks NGOs, trusts to remove ‘human rights’ or ‘corruption’ from their registered names. Around 400 non-profits and trusts established with the words ‘human rights’ or ‘corruption’ in their names and are risking suspension under the Maharashtra Public Trusts Act 1950. The charity commissioner states that the government has the machinery to eradicate corruption and protect human right and that many organizations were misusing the words and deceiving people. Several NGOs have objected to the State’s move, arguing that the Charity Commissioner’s office should have raised objections while registering their organizations. Many propose to challenge the order in court.

Who’s Doing Good?

2 July 2018 - 8 July 2018

THE GIVERS

“Retirement is too busy,” says Li Ka-Shing, while discussing the future of his foundation. His comments came as he announced his retirement as chairman of Shantou University, the higher-ed institution he funded in his hometown in Guangdong Province, China. At the same press conference, Li announced that he would eventually hand over the reins of his foundation to his two sons: the elder, Victor, would take over as chairman, with his brother Richard as vice-chairman.

CNBC profiles Charles Chen Yidan, “China’s most charitable man.” In 2007, Chen and his fellow co-founders at Tencent, the tech giant owner of WeChat, founded the Tencent Foundation with the aim of investing a portion of their profits into charitable projects. Through WeChat, Tencent has been able to spur hassle-free donations towards charitable causes, raising 1.5 billion yuan (US$230 million) from 140 million individual donations in the last 11 years. He says: “Chinese traditional culture encourages people to benefit the world. Many ideas from Chinese culture encourage people to give more, have more and also encouraged people in that if you do a good thing, you will have a good result. So it’s in every Chinese person’s mind. But how to do it?”

Binance donates US$1 million to Japanese flood victims.Binance, one of the world’s largest cryptocurrency exchanges, donated US$1 million to flood victims in West Japan. The exchange has also called for its cryptocurrency friends and partners to join this charitable initiative. To contribute in cryptocurrency, one can make an anonymous donation by sending ETH or ERC20 tokens directly to the Binance donation address.

Jakarta food donation program takes leftovers from lavish weddings. Founded by Astrid Paramita, “Blessing To Share” supplies leftover wedding dishes to the poor. According to an Economist Intelligence Unit survey, Indonesia bins more edible food per person than any other country except Saudi Arabia. Primarily operating in Jakarta, Paramita has aspirations to expand his program to other cities and to start sourcing edibles from company meetings and conferences.

Islamic philanthropy at work in Indonesia. Dompet Dhuafa, an Islamic philanthropy organization in Indonesia, was founded by the former editor-in-chief of the Republika daily newspaper, Parni Hadi, to collect various forms of alms and raise funds for planned programs that empower the poor. Having begun with a modest first year of collecting Rp 425,000 (US$30), the organization has reached 25 years of age and has helped more than 16 million people. “Dompet Dhuafa is an Islamic philanthropy organization that is devoted to empowering the poor through compassionate socio-technopreneurship,” said Hadi.

THE BUSINESSES

A report finds that CSR giving in India is projected to reach US$7.4 billion (INR 50,000crore) by 2019. The research conducted jointly by CSRBOX and NGOBOX finds that by the financial year 2019-20, compliance with India’s mandatory 2% giving under the 2013 Companies Act will reach 97-98%. Education and skills development is expected to be the preferred areas of spending, with US$2.2 billion expected to pour into the sector between 2014 and 2019. “Mandatory CSR has made a lot of change in India’s development landscape. It has gradually formalized the corporate philanthropy with an emphasis on impacts on the ground.”

THE TRUSTBREAKERS

Arrested last week, Najib maintains that the US$681 million found in his account is a donation. The donation was placed in his account prior to Malaysia’s general election in 2013, but Najib stressed that the sum was returned to its donor, the Saudi royal family, shortly after the election. “As far as I am concerned, I acted in good faith. On top of it, King Abdullah awarded me the highest decoration from Saudi Arabia. Only (former US) president (Barack) Obama and (Russian president Vladimir) Putin have the same. That shows the level of trust he had in me.”

Bloomberg Philanthropies donates US$2.4 million to prevent drowning deaths in Vietnam. Bloomberg Philanthropies has donated US$2.4 million to fund the first two years of a five-year program to prevent drowning deaths among children in Vietnam. The program will hold swimming lessons for children in eight drowning-prone provinces, with a particular on those below five years of age. The donation was announced at a seminar held in Hanoi on June 26, 2018.

Half of Singaporean firms practice corporate giving, the National Volunteer and Philanthropy Centre (NVPC) finds. According to its recently released Corporate Giving Survey 2017, about half of the 707 firms surveyed engage in corporate giving. Nearly two-thirds of them have integrated the giving process into their core operations. With the overwhelming majority of giving coming from philanthropy (90%), NVPC encouraged companies to engage in other forms of giving: “beyond cash donations, there (are) a lot of different ways companies can give, and a lot of times we miss the obvious ways–the giving of skills, services or products that companies can provide to communities in need.”

THE NONPROFITS

Charity’s food donation platform serves 2.6 million meals. Food-Co, an online platform run by the charity St. James Settlement and funded by the Hong Kong government’s Social Innovation and Entrepreneurship Development Fund, has helped distribute about 200 tons of food to thousands of needy people in Hong Kong over the past year. The platform connects the food industry, both restaurants and companies, with charities that help channel surplus food to those in need.

THE BUSINESSES

The Business Times interviews Singaporean impact investor Declan Ee. The partner and founding investor of TLG Capital, Ee was an early advocate of socially responsible investing at a time when others in Asia were still skeptical of its effectiveness. One of TLG’s first investments was in a medical manufacturing plant in Uganda, which produces affordable anti-retroviral drugs that help treat HIV. With access to generic drugs, HIV patients in Africa “can now have a normal life because the anti-retroviral treatment is so effective. The average lifespan of someone who is on it could be 60-80 years.”

THE INNOVATORS

Technology to help modernize donation marketplace in the Philippines. The founders of Charity Byes and Albert, two mobile applications that focus on creating an online donation marketplace between those who have (such as companies) and those who are in need (such as nonprofits), were inspired by the need to forward excess company resources like food, which would otherwise be wasted, to the causes that most need them.

THE VOLUNTEERS

A Singaporean pair raises over US$42,000 USD for migrant workers in need. Shirin Chua and Ameera Begum started a crowdfunding campaign to raise US$7,300 for Muslim migrant workers in Singapore and were surprised to find that the campaign generated vastly more money than they had expected. Funds raised will go to the Transient Workers Count Too’s meal program, which feeds up to 800 destitute workers every month.

THE TRUSTBREAKERS

Nonprofits in Malaysia call for regulations on political donations and gifts. The acting chairman of the Coalition for Clean and Fair Elections (better known as BERSIH) stressed the importance of transparency in the political donations process. “Any donation received cannot go into a personal account, and there must be documentation or receipts for all contributions.” The calls for greater oversight over donations comes as Malaysia’s new Prime Minister, Mahathir Mohamad, imposed a no-gif tpolicy for cabinet officials: gifts from now on should only be limited to flowers, food, and fruits.

Who’s Doing Good?

18 June 2018 - 24 June 2018

THE GIVERS

Malaysia finance minister defends collecting public donations to help settle national debt. Amidst a public movement among companies and individuals to donate to the state, Minister Lim Guan Eng has defended this collection of public donations through the “Fund of Hope,” which he said will go towards settling the nation’s debt. The fund was created after Malaysians started crowdsourcing donations themselves. As of June 21, 2018, the fund had reached more than RM90 million in contributions.

THE THINKERS

Centre for Asian Philanthropy and Society presents the Doing Good Index in Singapore. CAPS visited Singapore to present the Doing Good Index to nonprofit and foundation professionals, CSR executives, academics, journalists, and philanthropists in the country. In particular, CAPS highlighted the challenge in recruiting high-quality talent into the sector. 94% of organizations surveyed agreed that there was a public perception that nonprofit employees should earn less than their private sector counterparts, while 84% indicated that they had difficulty recruiting skilled staff. The below cartoon by the India Development Review well represents this talent dilemma and challenge faced by many nonprofits.

Source: India Development Review

The Asian Venture Philanthropy Network hosted its annual conference in Singapore. Investors seem to agree that there remains a persistent early-stage capital gap problem, leading to insufficient support for early-stage social enterprises. Other challenges include a need for more expertise on business building, more persistence on developing standardized impact measurements, and a reframing of sector’s approach to gender equality.

Hong Kong is underestimating its altruism, according to a recent poll by The University of Hong Kong. While scoring just above average in The University of Hong Kong’s altruism poll, the study nonetheless found that 83.5% of respondents had donated money to charity, while nearly half said that they did volunteer work. Paul Yip Siu-far, the poll’s research director, says that while Hongkongers are doing more than they think, there is still room to do more: “The government should do more to encourage people to donate blood, such as extending the hours of blood donation services since most people work from nine to six.”

THE NONPROFITS

Nonprofit brings aid and hope to Penan settlements. Hope Place, a Malaysian nonprofit, has been providing the Penan community in Ulu Baram with health checks, haircuts, and solar panels. After conducting a survey to identify the needs of the people, Hope Place realized that the villagers needed more than just food supplies. Hence, Hope Place has gathered a team of volunteers to provide services such as health checks, haircuts, and installing solar panels.

THE BUSINESSES

Vietnamese companies begin to embrace the environment and community. The article aptly summarizes an increasing trend among Vietnamese companies to embrace environmental protection and community contributions. For example, Traphaco, a leading Vietnamese pharmaceutical company, devised a sustainable development strategy to attach its business growth to environmental protection and CSR. A notable project by Traphaco includes the “Green Plan” whose goal is to produce materials made from herbs, as well as helping local farmers eradicate hunger and reduce poverty. With this emphasis on sustainable business practices, Traphaco is now spending approximately 1-3% of its total revenue on CSR. The article cites many other noteworthy examples from the private sector.

THE INNOVATORS

“From Malaysia to Myanmar, social ventures build homes and safe spaces.” Touching upon the rise of social enterprises in Asia, the Thomson Reuters Foundation highlights two social ventures in Malaysia and Myanmar. While Epic Homes builds houses for mainland Malaysia’s indigenous Orang Asli people, Myanmar’s Doh Eain is helping residents conserve older homes, as well as open up public spaces for women and girls.

A new startup is bringing financial inclusion to unbanked Filipinos. TraXion, a Filipino blockchain enterprise, is aiming to provide savings accounts and payment and remittance services to the 82.6% of the country’s population that is currently unbanked or underbanked. By providing a low-cost and user-friendly service to its clients, the platform wants to succeed where traditional financial institutions have thus far failed. TraXion’s public initial coin offering will begin running this August.

Social delivery organizations in Singapore need to build up public trust. Presenting the DGI to the Singaporean audience, CAPS spoke of the “trust deficit” that plagues the nonprofit sector. 94% of organizations surveyed in the DGI indicated that there was a public perception that nonprofit employees should earn less, while 60% also felt that the level of individual giving was low. “People don’t want to give because they don’t trust the organizations to use their money,” said Ruth Shapiro, Chief Executive of CAPS.

Who’s Doing Good?

11 June 2018 - 17 June 2018

THE GIVERS

Realizing sustainable quality education, Harvard style.The Straits Times profiled Tan Sri Jeffrey Cheah, the Malaysian construction magnate who donated all of his equity in Sunway Education Group, valued at more than RM1 billion (approximately US$250.1 million), to a foundation dedicated to realizing sustainable quality education. This structure models that of universities in the West, mirroring in particular John Harvard’s contribution to Harvard University over 400 years ago. “It is my personal goal to award more than RM1 billion in my lifetime in scholarships,” says Cheah. As of 2017, his foundation is already one third of the way there, having given out RM330 million in scholarships and grants.

“Switching the donor-grantee relationship.” In this article, Ashok Alexander reflects on the problematic “heads and legs” relationship between donors and grantees. Unlike in the business sector, where entrepreneurs conceive up ideas and then approach investors for funding, Alexander notes that in the social social sector, it is the funders who come up with ideas and then look for recipients to carry out the legwork. “Donors should reject donees who don’t have new ideas; donees must be willing to walk away from donors who tell them exactly what they should do.”

THE NONPROFITS

Poverty alleviation charity project aids 120,000 children. A project by the China Foundation for Poverty Alleviation has raised nearly 21 million yuan (US$3.3 million) in donations and aided 120,000 children since 2014. The donations have been used to provide stationery, clothes, and fine arts equipment for more than 32,000 children and to build 146 kitchens in schools, providing better meals for 60,000 students. The project also employed “companion mothers” to care for more than 30,000 rural children whose parents migrated to larger cities for employment opportunities.

THE BUSINESSES

Garuda Indonesia launches “umrah” donation program. Garuda Indonesia, Indonesia’s national flag carrier, has launched a donation program that allows its GarudaMiles members to contribute miles toward an “umrah” pilgrimage trip for underprivileged people. Garuda Indonesia is currently aiming for this program to benefit 100 individuals.

THE INNOVATORS

Li Ka-shing joins Bill Gates to fund probiotic product to fight child malnutrition. Along with the Bill & Melinda Gates Foundation, Horizons Ventures, the investment arm of Li Ka-shing’s philanthropic foundation, led a US$40 million round of funding for California-based Evolve BioSystems, which is developing an infant probiotic product that helps restore the beneficial bacteria in infants’ guts. As the funding has been widely hailed as a notable impact investment, lead investor Patrick Zhang said, “We are excited to increase our investment in Evolve, and for the tremendous societal impact that Evolve can make on restoring the infant gut microbiome, particularly in Asia.”

THE VOLUNTEERS

Singapore Children’s Society recognizes outstanding volunteers. On June 12, 2018, the Singapore Children’s Society recognized 47 volunteers and donors for their longtime service and dedication to the organization. Most notably, Kurt Wee, who received the Ruth Wong Award for volunteers, was lauded for volunteering to help raise over SG$106.8 million (approximately US$79 million) for the Singapore Children’s Society since 2008.

THE TRUSTBREAKERS

Amnesty International exposes questionable payments by Kirin Brewery to the Myanmar military. The human rights-focused organization published correspondences between Kirin’s Myanmar offshoot, Myanmar Brewery, and the Commander-in-Chief of the Myanmar military, Senior General Min Aung Hlaing. Amnesty International has urged the Japanese government to investigate the “immoral payments,” which come at a time when Myanmar’s military has been undertaking an unprecedented ethnic cleansing campaign against the Rohingya population in the Rakhine state. In the interim, Kirin has banned all new charitable donations in Myanmar, while it conducts a human rights assessment of its suppliers and partners in the country.

Dr. Ruth Shapiro: Is Asia Philanthropic?

Hosted by the Commonwealth Club of California in association with Asia Society Northern California

As enormous wealth continues to be created in Asia, the region’s ultra-high-net-worth individuals are turning their hand to philanthropy. But their path continues to manifest quite differently from the United States and Western Europe. Drawing upon exclusive interviews with ultra-high-net-worth individuals and case studies of successful social initiatives, this talk will examine why and how Asia’s traditional and newer philanthropists are giving.

Dr. Shapiro is the Founder and Chief Executive of the Centre for Asian Philanthropy and Society, a nonprofit incorporated in Hong Kong in 2013. In addition to Pragmatic Philanthropy, Dr. Shapiro edited The Real Problem Solvers, a book about social entrepreneurship in America. She is a regular speaker on issues related to Asian philanthropy, social innovation, and social entrepreneurship in Asia. Dr. Shapiro holds a doctorate from Stanford University and master’s degrees from Harvard University and The George Washington University.